3. Balance Sheet Information

6 Months Ended

Mar. 31, 2015

Balance sheet information is as follows:

	March 31,			September 30,
	2015			2014
Receivables, current, net:
Accounts receivable, current	$	1,599,944		$	1,611,269
Less: Allowance for doubtful accounts		(730,204	)		(756,686	)
	$	869,740		$	854,583
Receivables, long term, net:
Accounts receivable, long term	$	344,572		$	344,572
Less: Allowance for doubtful accounts		(344,572	)		(344,572	)
	$	–		$	–
Total receivables, net:
Gross receivables	$	1,944,516		$	1,955,841
Less: Allowance for doubtful accounts		(1,074,776	)		(1,101,258	)
	$	869,740		$	854,583

Components of allowance for doubtful accounts are as follows:

Allowance for dilution and fees on amounts due from billing aggregators	$	1,063,617		$	1,063,633
Allowance for customer refunds		1,750			2,107
Allowance for other trade receivables		9,409			35,518
	$	1,074,776		$	1,101,258

Property and equipment, net:
Furnishings and fixtures	$	173,371		$	162,642
Office, computer equipment and other		213,346			192,063
		386,717			354,705
Less: Accumulated depreciation		(233,170	)		(201,591	)
	$	153,547		$	153,114

Intangible assets, net:
Domain name and marketing related intangibles	$	1,521,015		$	1,521,015
Website and technology related intangibles		2,851,716			2,863,509
Software		1,500,000			–
Covenant not to compete		120,000			120,000
		5,992,731			4,504,524
Less: Accumulated amortization		(1,683,897	)		(1,433,314	)
	$	4,308,834		$	3,071,210

Accrued liabilities:
Accrued payroll and bonuses	$	110,566		$	107,224
Accruals under revenue sharing agreements		688			688
Deferred revenue		538,765			548,004
Accrued software costs		1,500,000			–
Accrued expenses - other		380,861			390,114
	$	2,530,880		$	1,046,030